Kraft Heinz price target lowered to $41 from $43 at Mizuho

Mizuho analyst John Baumgartner lowered the firm’s price target on Kraft Heinz (KHC) to $41 from $43 and keeps an Outperform rating on the shares post the earnings report. The firm reduced estimates but believes near-term expectations are being managed appropriately and the stocks’ valuation is underpinned by a 5% dividend yield.